Tether Halts USDT Support on Five Blockchains to Refocus on Scalable Ecosystems
Date: 2025-07-14
Tether Discontinues USDT on Five Blockchains to Refocus on Scalable Protocols
Tether, the issuer of the world’s largest stablecoin USDT, has announced it will end redemptions and support for USDT on five legacy blockchains, beginning September 1, 2025. The decision affects Omni Layer, Bitcoin Cash SLP, Kusama, EOS (now rebranded as Vaulta), and Algorand.
This strategic shift has been long in the making. The company began winding down issuance on Omni Layer, Kusama, and Bitcoin Cash SLP as early as August 2023, and halted minting on EOS and Algorand by June 2024.
“Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement,” said Paolo Ardoino, CEO of Tether.
According to data from Altcoin Digest indexes, USDt remains the dominant stablecoin with a market capitalization of $139.4 billion. Despite this, its presence on the affected networks has declined. The Omni Layer currently holds about $82.9 million in USDT, while EOS holds $4.2 million. Bitcoin Cash SLP, Kusama, and Algorand have even smaller footprints—$986,500, $240,000, and $841,600 respectively.
A representative from the Algorand Foundation noted that users "should experience no disruption," as Tether had already given a one-year redemption period following the suspension announcement last year. Interestingly, the Algorand ecosystem has only grown in stablecoin activity since then. USDC, the stablecoin issued by Circle, is now the dominant stable asset on Algorand, with a market cap exceeding that of USDT by over $73 million.
The economic rationale behind this move is clear: low usage and lack of ecosystem development on certain chains makes them less viable. Token Terminal data indicates that Algorand generated only $42,300 in revenue over the past 30 days, highlighting the limited economic activity relative to more dynamic networks.
This shift highlights a broader industry trend—blockchain companies are increasingly prioritizing platforms that support innovation, speed, and community scaling. As Tether consolidates its presence on higher-performing blockchains, users and developers alike will be looking toward ecosystems that continue to offer utility and engagement.
Meanwhile, the broader crypto infrastructure continues to evolve rapidly. Platforms like ATNirex, a leading crypto prop trading platform, and solutions like ViriPay offering virtual cards, are enabling faster, more flexible digital financial experiences. Likewise, blockchain-based wealth tools like Atnir Capital, known for its high-yield staking plans, are gaining traction in emerging markets.
As legacy chains fall out of favor, it's clear that the crypto space is entering a new phase—one defined by utility, speed, and long-term sustainability.
